Are you keen to keep up to date with the continual changing world of property investment, success, personal finance and wealth creation strategies?
Well…here’s a list of our 10 most read blogs over the last month, in case you missed them.
Did you know that more than 115,000 people subscribe to our Property Update blog?
Some subscribe to the daily commentary while others get the weekly summary.
And that over the course of the month, we’ve published hundreds of articles, but of course, some are always more popular than others.
So as another month comes to an end, we thought it would be a good idea to share the top 10 blogs our readers enjoyed so you can take another look at the stories that meant the most to our subscribers.
We live in an interesting world don’t we? Particularly if you’re an investor.
Every time most of the world’s economic woes seem to have sorted themselves out and Australia’s property markets seemed to be steaming along nicely, a new set of challenges pop up for us as investors.
Some of them are overseas – things like terrorism, wars and financial woes.
And some new ones back home.
Concerns about what the future holds for Australia’s economy, interest rates, unemployment, political instability, APRA’s changed lending criteria and our property markets gyrations.
This means there is still a level of uncertainty about what the future holds.
There are changes aplenty in the superannuation space at present, but some things have stayed the same.
One of which is that there are still multiple benefits to running your own super fund, regardless of any changes to the general super landscape.
In fact, more and more Australians are opting to take control of their superannuation and setting up self-managed super funds (SMSFs) but before embarking on an SMSF get specific advice to ensure it is right for you.
And there are many reasons why they’re doing so….
After a head spinning 2016, our property markets started 2017 with a bunch of mixed predictions
Some called a market top and saw a correction ahead, while others forecast lower, but continuing capital growth.
Well…the scorecard is in for the first seven months of the year and our property markets slipped down a gear according to Corelogic, gradually responding to higher mortgage rates, tighter credit policies and affordability challenges.
The latest results highlight the diversity of housing market conditions.
EPISODE 3: HOW MANY PROPERTIES DO YOU NEED TO RETIRE | DID YOU REALIZE YOU ARE HARDWIRED FOR UNHAPPINESS?
Today, I answer the frequently asked question of how many properties do I need to retire.
This just may be the wrong question because the number of properties you need before quitting your job depends on your assets value and how hard your money is working.
To become financially independent you need to build a cash machine by growing a substantial asset base of high growth properties.
These are the steps you take.
- Build your asset base
- Transition to lower loan to value ratios
- Start living off your property portfolio
How well-positioned are you for a significant interest rate rise?
Each month the Reserve Bank meets to discuss the state of the economy and set official interest rates and then releases its minutes to explain the reasons behind their monetary policy decision and releases a chart pack which I summarise for you here at Property Update each month.
But before I share their latest Charts, I’d like to explain my thoughts on a comment in the minutes of their last meeting where the RBA announced it considered a neutral cash rate to be 3.5%.
Now the neutral real cash rate is essentially an official interest rate which essentially has no no impact on economic growth.
The current official interest rate of 1.5% is expansionary or stimulatory and eventually once these low rates work and the economy improves, employment picks up and inflation increases, the RBA will need to raise interest rates by up to 2% (to 3.5%) for them to be neutral.
Why is it that some people live successful lives, contributing to the betterment of society while others live failed lives and become a drain on society?
One of the fancy terms economists like to toss around is inter-generational poverty.
A few other related terms are low economic mobility, the wealth gap and income inequality.
They all have different meanings inside the minds of those economists but to ordinary folk, they all mean pretty much the same thing: if you were poor as a child you’ll probably be poor as an adult.
When a country has high economic mobility it means kids who grow up in poor homes have a good chance of breaking out of poverty as adults.
With so many mixed messages currently surrounding property I thought I should give you some insights based my 40+ years experience in property and having built what some would suggest is a very substantial property portfolio.
I guess if you’re reading what I’m reading in the media you know some are saying the market has run its course and we’re heading for a downturn while others suggest we’re in for a few more good years in property.
It seems we have become a nation of “experts.”
Just check your inbox or turn on the television and there they are.
- Experts on politics who have never run a business, let alone a country
- Experts on football, even though they couldn’t run from one side of the field to the other.
- Experts on celebrity who can’t sing or dance themselves and..
- This new cycle seems to have brought a whole new generation of property experts
If you’re like most property investors you’re inundated with the opinions of lots of different property experts.
So who do you listen to? How do you choose?
Today I’ll give you my thoughts.
Yes, we are surrounded by so-called experts—people with opinions, but very little expertise.
It’s official, the next Brisbane BOOM will be kick started by the expansion of our biggest employment hub – the Brisbane CBD.
The $3billion Queens Wharf Project and a number of other projects within the CBD will be like a stone in a pond that sets off a ripple effect throughout the rest of Brisbane.
The projects are set to deliver more than 12 football fields of new development that will create a net increase of 11,500 jobs in this precinct alone.
Early construction works commenced earlier this year, with the Queens Wharf site due for completion in approximately 2022.
I’ve come to the conclusion that when you do what most successful investors do, you get to become one of them, and if you don’t, you won’t.
Interestingly the latest tax office statistics show only 16% of Australians own an investment property.
from Property UpdateProperty Update https://propertyupdate.com.au/august-in-review-our-top-trending-articles-for-this-month/